Global Brokerage, a once partner and stakeholder in the forex and CFD broker FXCM Group, announced it is filing for bankruptcy under Chapter 11 of the United States Bankruptcy Code and is planning to restructure.
In the official statement the company also said it is delisting from NASDAQ and is parting ways with some of its board members and senior managers.
Also according to the official statement, Global Brokerage has entered into into a restructuring support agreement with around 70% of its noteholders.

Well comrades,
It was about time for the FXCM partners to feel the effect of the huge scandal in US earlier this year. Apparently, no injustice remains unpunished for a log time.

After all this time I still can't wrap my head around that scandal. How did they let it come to that. Just how.